official alibaba (also notable apps - eg missing children )*taobao university up to 100 million alumni in China - received training on how to taobao; as of 2017 established 1311 taobao e-commerce villages*Damo Academy 12 started with 15 billion dollar investment by jack ma's as intercity top notch research on humanising livelihood advantages of major components of Industrial Rev 4 such as AI, blockchain, internet of things .. related IR4 at world economic forum: san francisco hub; wef summer china summoit*gateway17 ma's 3000 citizens and leaders one day masterclass in ecommerce*ma's personal mentoring (aka efounders) of first 100 entrepreneur chorts chosen with unctad and developing nations that have asked jack ma to help+Aliresearch 1 tsinghua alumni network of Ying Lowrey's SME curriculum aligned to AliBaba modelPodcast Ant Finance

jack ma- when i first studied (e)commerce in states i was surprised to find that each market was dominated by 2 or 3 manufacturers- i decided to design china ecommerce to maxise small enterprise suppliers and local jobs.ying lowrey is tsinghua's professor of small enterprises- her book alibaba way is eyeopening:

example founder of shanghai conglomerate fosun actively celebrates CEN, and partners in one of Jack Ma's universities at hangzhou and supports new york greatest yoth-led arts movement singforhope.com

co-sponsor: wise@beijing: Zhejiang Zhipu Foundation Founded by the six founding members of Alibaba Group, Zhejiang Zhipu Foundation supports rural education and promotes healthy and sustainable relationship between human and the society, as well as between human and the nature.

The Panel is expected to raise awareness about the transformative impact of digital technologies across society and the economy, and contribute to the broader public debate on how to ensure a safe and inclusive digital future for all, taking into account relevant human rights norms.

Shangjin Wei, Professor of Finance and Economics, Professor of International Affairs, and N.T. Wang Professor of Chinese Business and Economy, Columbia University

Wei Xiong, Trumbull-Adams Professor of Finance, Princeton University

Chenggang Xu, Quoin Professor in Economic Development, University of Hong Kong, Professor of Economics, Cheung Kong Graduate School of Business

..

the wicked problem of missing curricula youth most need- as jack says this is a huge problem; correspondenmce case posted may 2018: moreover we have atended many world bank youth summits where missing curricula have been pitched and everyone cheered the value but getiing each different nation to newly cetrtify suc new learning is a fools erand-here part of a specific example- do you know a missing peer to peer curricula that needs similar linking in

I am staying at brac in bangaldesh my favorite girls education network in the world as well as largest ngo in wortld and partnership networkwe will see dean of james grant school of public health at brac university tomorrow- do you still have any message you wanted passed to brac about the peer to peer adolescent health program you and lancet have been building? we are mainly working with brac's overall education director as specified directly by sir fazle abed when i met him in qatar 2017 - sir fazle kindly gave a lot of his time to remembrance parties of my dad norman macrae at the japan embassy in dhaka in 2012more generally brac and jack ma started fin tech partnership earlier this month with brac's BkashSMS in bangladesh but for s asia (the whole 2 billion of china's neigbors particularly poorest girls on china south and south westren borders), for sustainabiliuty generation to scale and gain from these 2 superstars we believe partnering relations will broaden into looking at skills education ; we will be trying to form team both on bangladesh and china side to monitor this however fast or slow it goesmostofa has been working on bangladesh side for very long time- he also worked with modjtabia sadria then at aga khan in london while they were in london at time muhammad yunus was at his social business peak ; i believe modjtabia is now back in iran after some years with paul at monash? ( i didnt get to pauls grn summit in jordan 2006; i believe sadria did; i note that jack ma just made donation to queen of jordans education fund)

we are trying to invite any university student to form a club to see where is the nexus between what students most want to study practically and training that sir fazle and jack ma could mooc or otherwise maximally distribute to benefit livelihoods- togther the names of jack ma and sir fazle can be a top 100 web and top 1 web for open action learning- in branding terms this is easy as long as we quickly get all best friends of ma and abed signed up at one launch summit blessed by china and on the road to ma's sponsorship of huge expo at tokyo olympics

after 8 visits to beijing i am reasonably confident that we can get as much additional support as we want from tsinghua university in beijing (over there they know thgere are half a billion undre 30s and that china cant afford any youth left legless by mismatch between jobs and what colleges like examining-- ) additionally tsinghua with aiib is heavily into belt road pitches to india this year so education can be 2 for 1 so to speak

as long as both jack ma and sir fazle have approved a subject area as being one that needs development in this type 2 pee to peer or apprentice mode i believe we can help scale missing curricula

as you think you know i first met pauil komesdroff in 2004- i love everything he was trying to create volunteer expereinces abroad around monash and medics and cultural/arts translators;I hope we can find the right way to linkin monash as this idea gains momentum

coming soon at wechatuni : difficult questions like what happens when ai or robotic intelligence is inside your phone?

Tuesday, January 31, 2017

blockchain lessons from liechtenstein and DC 12 sept 2018

why liechtenstein- its a perfect size and location as a country to develop plro-active legislation for its own people and be a living lab that the EU takes notice of (the EU trying to make rules for 20 countries is exactly opposite in what it can bring)

the ambassaor to is sponsored the meeting and his tech expert patrick bont was on the panel
4 years ago liechtenstein started a "regulatory lab"- and this monthly a trial blockchain law has been launched which will be ratified for national legislation early 2019

the lab emerged as tech people came to government asking for the nation's views- earliest were a group who wanted to do an ICO - - in discussion with the reg team a partnership was formed - ETERNITY 2017 has bene launched and appears a benchmark for a small mation to launch an ICO

from this experience the lab learnt a lot about the playing pieces

apparnetly there afre some critoical choices in terminolgy - if a nation like lichenstein deems a crytpocurrency as a commodity then it is relatively free to design its onw regilulations; if it call this a finacial intrsiment it soon has to fit in with international regulations (including waiting for there to be any made in these fats chnaging areas0

there is also a language in initial cpin oferemnings where lichenstein suggests people consider 3 roles a token may exchnage

can be like a share, a security - something part of the funding
can be a voucher - for use in payment gtransction
can be both at same time

....
matthew wellin of criwell & moring gave some usegful examples
from ibm trying tro see to bif=g clients private blockchain on sourcing in a supply chain such as coffee to australian cases - in very remore areas thosaudnds of piower line pilons now have a blockchian cap- they tallk to neighbors afre you still wlorking - so now in a stlorm when one post goes down it can be found previpouslhy this need huige amount lof searching

The government, and the Prince, is keen to expand into blockchain.

The Principality of Liechtenstein is not on the beaten path. A German-speaking Alpine state nestled between Switzerland and Austria, the country covers just 62 square miles and had a population less than 40,000 citizens at the last census. A seemingly unlikely setting for an aspiring blockchain hub, one might think.

However, its geopolitical position could make Liechtenstein a leading light for blockchain regulation, and a future powerhouse (or powercastle?) in cryptocurrency.

Although the Principality is in the EEA and therefore subject to relevant laws (around 5,000 of the total of 23,000 EU laws apply there), it is not entirely at the mercy of European Union edicts, and has a level of independence with regard to its own financial regulation.

Historically known for little more than agriculture and winter sports, the country’s low corporation tax began to attract big businesses in the latter half of the 20th century. By the new millennium, Liechtenstein had reinvented itself as an international center for finance; the country is in the peculiar situation of having more registered companies that it does citizens.

Liechtenstein is now working on a new piece of legislation that observers claim will make the country one of the most attractive destinations in the world for institutional investors. Called the ‘Transactions Systems Based on Trustworthy Technologies Act’, the bill has been described as a means to secure regulatory oversight, whilst maintaining open dialogues with blockchain businesses and encouraging continual innovation in the space.

The Liechtenstein Blockchain Act

The proposed bill approaches blockchain legislation by setting clear rules for the businesses that work with it. Liechtenstein will not regulate cryptocurrency itself, but will instead focus on regulating the transfer of digital assets, as well as the businesses and service providers that leverage distributed ledger technology (DLT).

Part of the reasoning is practical. The pace of innovation is fast and the act saves the government having to rattle through new legislation everytime a new application is developed. According to Matthias Niedermüller, a lawyer who has worked closely on the proposed Blockchain Act both with businesses and the government, this is a realistic decision. Regulating the transfer of assets, as well as the companies that facilitate access to the blockchain, provides effective cover without curbing development, says Niedermüller.

“The Blockchain act provides for a comprehensive system for creation, storage and transfer of tokens along with the security for enforcement of the rights associated with every token and therefore creates an entire token economy”, he adds.

Projects looking to host a public sale need to provide potential investors with a comprehensive overview of the token and would have to register with the FMA, which would ensure adequate internal procedures are in place.

Most tokens are already recognized as legal tender in Liechtenstein. The Act states that cryptocurrency ownership is based on the private key. Excluding cases of theft, this gives the owner of the private key the right to sell the asset. Third party services are required to ensure safe custody and clearly define the company’s own assets from the ones held on the behalf of others.

Is Liechtenstein the Alpine Malta?

Malta has been one of the most enthusiastic national advocates for blockchain technology. The cryptocurrency exchange Binance moved its operations base to the island back in April and the government devoted most of the summer to passing legislation that gave legal status to cryptocurrency, as well as providing guidelines on token sales. The Maltese Stock Exchange (MSE) signed an MOU with Binance yesterday, the two companies will work together to establish a security token exchange.

Like Liechtenstein, Malta and Gibraltar transformed their economies in the latter half of the 1980s. Both jurisdictions lowered their capital gains tax and became prominent business centers for offshore gambling.

Monty Metzger, the CEO of LCX (Liechtenstein Cryptoassets Exchange), told Crypto Briefing that far from attracting institutional players, this will repel them. “Liechtenstein has a triple-A rating from Standard and Poor’s and a super high reputation, well known as a serious place of business with strong regulatory relationships”, he said. “Malta and Gibraltar, on the other hand, are known as for their online casinos which won’t help them attract serious clients”.

Although in the heart of Europe, Liechtenstein is not a member of the European Union. This is vital: it has a lot more freedom when drawing up its laws than its neighboring countries, which are also expected to comply with the European Parliament in Brussels. “The key difference between Liechtenstein and somewhere like Malta is that we’re not in the EU”, explained Ninos Mansor.

Liechtenstein’s membership to the European Economic Area (EEA) means its products and services have unrestricted access to the wider European market. As Niedermüller points out, financial instruments approved by the FMA, including cryptocurrency investment vehicles, could be distributed and sold across Europe, including in Switzerland. “A comprehensive EU-wide regulation of the Blockchain business does not appear to be probable in the next years,” he said. “The success of the Liechtenstein Blockchain Act, however, could form a role model on how to regulate the Blockchain business.”

The European Hub for FinTech?

A lack of regulation creates uncertainty in the market. The vast majority of businesses want to work within the law and will move to places where they can operate legally. Investment bank Goldman Sachs shelved their bitcoin (BTC) trading desk last week, citing a lack of regulatory clarity from the SEC.

There are benefits to being small: it’s easier for regulators to adapt to new technologies and innovation faster than their counterparts in larger economies. Whereas Gibraltar, Bermuda, and Malta have already passed some form of blockchain legislation in the past two years, America’s SEC has yet to provide anything resembling a clear legal framework for cryptocurrency.

Being less than a quarter of the size of London gives businesses in Liechtenstein plenty of access to the FMA. This has multiple benefits explained Monty Metzger. As a firm looking to facilitate security token trades between institutional clients, Metzger, who was originally based in Luxembourg, said they were attracted to Liechtenstein because of the high level of support from government and banks. “We’ve heard how companies in other countries have their accounts frozen without warning; LCX currently has three banking partners in Liechtenstein”, he said.

Frequent and wide-ranging contact with local cryptocurrency and FinTech services means the FMA has developed a strong working knowledge. Programmes like Impuls Liechtenstein have already established dialogues between state authorities and startups, providing clarity for both regulators and businesses.

“The small size of Liechtenstein definitely gives market participants and the regulator much better possibilities to exchange views and thoughts on a regular day to day basis to create a comprehensive and sustainable blockchain economy,” said Niedermüller. “In particular regular open communication with the regulator is very common.”

Well into the late 1960s, the princely family was selling off parts of its fine art collection just to keep the economy afloat. Finance transformed Liechtenstein into a very rich country. It now has a 1.5% unemployment rate and the highest GDP per capita in the world, a startling $139,100, over 10% higher than its closest competitor, Qatar.

On turning itself into a reputable hub for blockchain, the Crown Prince of Liechtenstein, Alois, said the country’s early regulation of blockchain ensures it attracts reputable service providers. A prince waxing lyrical about blockchain in his medieval castle seems like the collision of two very different worlds, but the Alpine state sees blockchain as the future.

Rather than protecting established interests, Liechtenstein is facing forward; even in the preamble to its Blockchain Act, legislators say that: “The government is convinced that the future of prosperity and an alternative range of jobs for Liechtenstein and the region can be obtained through continuous development and entrepreneurial innovation.”

The government has reportedly been working on this legislation for two years and officially announced the act at the Finance Forum back in March. Following the Government’s adoption in August, the proposed act is currently in the consultation period which end in November; if all goes well, the bill is expected to pass in Q1 2019.

Partly because of its size; partly because of its economy, Liechtenstein keeps a low profile; the Blockchain Act could change this. Already used to high-altitudes, the principality could soon reach the pinnacle of blockchain regulation. The country’s regulatory swiftness could earn it a princely sum.

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In micro world's community value markets, Entrepreneurial Revolution's mobilisation of 1000 times more "tech" than 1946, now joyfully gravitates around Jack Ma. Note how he offers every youth a map to connect and question how can value chains of markets maximise sme and youth livelihoods? In 50 years of ER searches, started at time of moonlanding, our jobs-rich education searches show girl empoowerment's other servant leader is Sir Fazle Abed BRAC.May 2018 news that Ma is taking 20% share in Brac's fintech-for-girls revolution www.bkash.com is best news economicswebs.com has ever witnessed.

may018 jack clarifies his solutions to preventing half of youth from being unemployable:education value chain is world's biggest challenge

Ecommerce in ChinaJack Ma started concept debates of maximising web for livelihoods in 1994- first trip to usa, how can china use web;by 2003 e-malls and alipay financial tools start to be ..together in scale mobilising from 2008by 2013 alibaba announces 25 business units

all monitored by aliresearch -typical futures debate:joint report future retail march 2017gateway2017.com part of ma's 3000 person teach in on alibaba as platform for inventing new smes in market value chain as well as be ever smarter consumersTaobao university responsible for maximising vilage (farmers) markets inclusion in ecommerce GAIIB.com.........................................

End poverty in bangladesh and celebrating courage of 1 billion south asian girls "hold up half the sky"Can BRAC University alumni join in entrepreneur training ma is doing with UNCTAD- 35 asian, 28 ? africans trained at alibaba HQ?

Other markets Ma is exploringjoy markets from 2020 olympics ma wants to spend most time on such markets as health, greencommunities for allOur blog DAMOcity looks at how jack is investing 15 billion dollars on a worldwide academy exploring how to humanise technology's next revolutionary foci.

Ma did lots of prep for Hangzhou G20 in 2016 see hiw ewtp and other innovations at worldcitizen.tv

IS TSINGHUA EVEN MORE CRITICAL THAN WISE -another look at 2012 debate with sir fazle and japan embassy on the missing microeducationsummit

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mature students like mostofa and amy are much more connected at detailed local levels than my old frame but the big picture of changing education and new development banking is moving so fast that this is my current attempt to keep up . if its vaguely correct it means that what each of us does and processes in interviews in next 9 weeks may seem small but will impact big movements (the way only connected youth and new partnerships between world changing brands can do) ; because india goes into election 2019, sino-south asia's most critical 12 months is june 2018 to may 2019 including aiib mumbai june sco qingdao june brics sept joburg UN sept , world bank indonesia oct 2018, paris march 2019 , belt road 100 nation summit beijing may 2019- if anyone can help us keep track we invite co-blog EconomistDiary.com; this next academic year is also the one that prepares Japans G20 in 2019, followed by Jack Ma Olympics 2020

economistwebs.com alibabauni.com

Alibaba’s Jack Ma is famous as Big-Data-Small visionary, Leader of China’s ecommerce platforms and digital finance leapfrog models including taobao (village enterprises). Papa Ma as he is known to youth is one of 3 BAT leaders valued for moral sentiments and sustainability goals of China’s internet investment banking. NB timing in 2008 was crucial: coming of universal smart phones, the west's subprime losses of confidence, the year that Xi Jinping was told to prepare China's new world view valuing half a billion youth in china and 1.5 billion neighbouring youth (most in S Asia)

START-UP DECADE From 2008: Big Three Baidu-Alibaba-TenCent emerged to lead ecosystems for 2017 as china's year of 5 million startups. This links 10 satellite supercity-hubs (eg Chengdu is designated gateway city to all south asia; in new york we know team responsible for 2000 youth exchange every 4 months at city's main university). The mother sun of all syupercities youth empowerment is Beijing Tsijnghua and surrounding entrepreneurial suburb – vaut le voyage www expo space to benchmark China’s rejuvenmation dream.

Ma’s Leapfrog Educational Agenda (committed to as part 3 of his life work from 2020):

“half of youth to be unemployable unless we take education beyond 250 year old classroom examintaion model – UN sept 2016;

“EDUCATION IS BIGGEST CHALLENGE”: Ma’s love of Fintech & Edutech (including eduAI) now shows that 250 years of Classroom examination culture has increasingly trapped youth - computer intelligence is replacing such old knowledge value chained round big gets bigger: this expoentially accelerating crisis in education is at a tipping point – can we urgently celebrate mobile youith’s trabsfornatiuonal skills such as: action learning of group creativity, coding, community and language litteracies . 10 times more affordable peer to peer modlaities, loveq competneces youth must value bottom-up to be the sustainability generaltion- based on valedictory

we have a book that people may want to copy that tsinghuas best students turned into the most exciting social business case ever seen outside bangladesh - its author is Ying Lowrey who amy and yuxuan met 3 months after being honored to attend sir fazle's 80th birthday

here's why Ying Lowrey is very special in my expereence

Testimony to Jack Ma by Tsingua’s Ms Ying Lowrey

Lowrey became the editor Alibaba Way- Unleashing grassroots entrepreneurship : building world’s most innovative Internet Company

My career path involved a few leaps from my first job in china’s vlilages as a barefoot doctor, to senior economist at US Small Business Adinistraion, returning 2010 to Beijing to develop small enterprsie curriculum at Tsinghua under guidance of my mentor Columbia University Nobel Economist Mass Flourishing’s Edmund Phelps.

On return to Beijing, instead of preparing to retire I found one more career leap: I was told small enterprise had no academic precedence in China but was being pratically pioneered by Jack Ma. I reached out to the research team of Alibaba, they sent me their 2012 research paper “small is beuatiful : Development Report on E-commerce. and offered to partner my students in developing the partnerships-case study of the AliBaba Way. This became a book which 10 of my students did practical work on with editing by myself and reserachers at Alibaba Research Institute- wriiten 2013 published 2014. In parallel,at Tsingua from 2013 I have offered Tsinghua’s new course: THE ECONOMICS OF INNOVATION AND ENTREPRENEURSHIP IN THE AGE OF BIG DATA –more www.alibabauni.com

Chris Macrae posted this

-note in 2013 china smes went past usa smes in direct exports with 40 billion dollars worth ; by 2018 china is projected to be at 160 billion dollars usa at 80 billion; your country sne's at what

we havent begun to see value of elearning made all the more gamechanging by way that real schooling systems have destroyed connection with livelihoods

hsitorically big data intelligences has rewarded big organsiations- from now on if a government wants to be at epicentre of sustsinable nation it beter had lead teh ways in apps that analyses big data for advantage of smes

60: superports eg hk, taiwan,then singapore emerge- by 74 china diaspora third wealthiest ready for inwardinvesting mainland ...let it be: time to unite world in celebrating asia pacific century72 BRAC starts to link in partners in what Keynes would value as greatest economic miracle of pre-digital age to 95 -Bangladesh born word's poorest 100 million person nation becomes the greatest partner in innovation races to end poverty; worldrecordhealthtable.doc, 87 KB81 Grameen in 5th year of testing circles microfranchise- 16 decison launch in 1983 evolves the greatest womens social network

. USA.............................60s moon race starts but whats after impact for jobs in society67 intel born in 68 on moores law; satellites uses ?tv superstars start getting very costly72 Economist future history to 2012summarises quarter of century of non-sustainable fixes dominated by US macroeconomists- system maps of transformation needed if 2010s is not to collapse global financial system